H20 Networks Ltd (04896797): administration
- Status
- Administration ended
- Administration began
- 2011-04-18
- Administrators' firm
- PwC
- Incorporated
- 2003-09-12
- Location
- Leeds
- Industry
- 6420
Why it went into administration
- Management failings / irregularities
From the administrators' statement
The admimstrators (Toby $ Underwood and David J Kelly (“the Administrators”) of PricewaterhouseCoopers (“PwC”) were introduced to the Company by its funder Total Asset Limited (in administration) (“TAL”)
28 February 2011 to 4 April 2011 — administrators in waiting / limited forensic review
TAL approached the Administrators on 28 February 2011 due to concerns surrounding the Company’s abihty to service its debt and the stalling negotiations with the Company’s directors on a compromise solution TAL requested the Administrators’ consent for their names to be included on a creditors’ petition
Administrators' statement of proposals (2011-06-15) · Companies House register